Feb 13, 2012, 11:13 AM EST
Ortiz filed for $16.5 million and the Red Sox submitted at $12.65 million, so the two sides settle at the exact midpoint. And at least they provided the Boston media with a story to write about for the past month.
By settling for $14.575 million rather than risking a potential $16.5 million decision the Red Sox may have created a bit more payroll flexibility. As for Ortiz, he gets a $2.075 million bump in salary following a season in which he hit .309 with 29 homers and a .953 OPS that’s his highest since 2007.
According to Rob Bradford of WEEI.com the settlement came when general manager Ben Cherington and agent Fernando Cuza negotiated in the hotel lobby where the hearing was to be held this afternoon.
- Blue Jays sign Dayan Viciedo to a minor league deal 3
- Chris Sale will be sidelined for three weeks with foot fracture 10
- Aramis Ramirez says 2015 will be his last year 31
- Francisco Rodriguez re-signs with the Brewers 9
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended 293
- Pirates open to massive extension for Andrew McCutchen 18
- Report: Josh Hamilton had a relapse this offseason that “involved at least cocaine” 86
- Yankees don’t plan on having to pay A-Rod’s $30 million in home run milestone bonuses 51
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended (293)
- San Francisco — and all of California — will consider a smokeless tobacco ban that includes MLB parks (131)
- Report: The Yankees were “fuming” at how A-Rod handled his early arrival to spring training (114)
- Cuban prospect Yoan Moncada reportedly signs with the Red Sox for $31.5 million, plus $31.5 million in penalties (106)
- Brian Sabean says that California taxes are a hindrance to the Giants signing free agents (102)